Launching a single transport and logistics company by the state-run railway companies of Kazakhstan, Russia and Belarus will bring Kazakhstan extra revenues of $780 million, Tengrinews reports, citing Mr. Askar Mamin, President of Kazakhstan Temir Zholy National Railways Company, as saying. State-run railway companies of the three countries are working to launch a single logistics operator on parity basis. The project is estimated at over 2 billion. The joint company is expected to be launched in the Q1 2014. “The would-be company will secure a flow of 1.7 million containers a year across Kazakhstan by 2020. The railway cargo flow will bring revenues of $780 million; the multiplicative effect for the country’s economy is estimated at $5.3 billion”, Mr. Mamin said in a government’s sitting. According to him, Kazakhstan Temir Zholy views the single company as a major tool to reach its goals to shift container cargoes from marine routes to railway routes linking Asia to Europe.
Launching a single transport and logistics company by the state-run railway companies of Kazakhstan, Russia and Belarus will bring Kazakhstan extra revenues of $780 million, Tengrinews reports, citing Mr. Askar Mamin, President of Kazakhstan Temir Zholy National Railways Company, as saying.
State-run railway companies of the three countries are working to launch a single logistics operator on parity basis. The project is estimated at over 2 billion. The joint company is expected to be launched in the Q1 2014.
“The would-be company will secure a flow of 1.7 million containers a year across Kazakhstan by 2020. The railway cargo flow will bring revenues of $780 million; the multiplicative effect for the country’s economy is estimated at $5.3 billion”, Mr. Mamin said in a government’s sitting.
According to him, Kazakhstan Temir Zholy views the single company as a major tool to reach its goals to shift container cargoes from marine routes to railway routes linking Asia to Europe.
